What are Sustainable Development Goals
What is Pakistan’s SDGs
Pakistan was one of the first countries to endorse the Sustainable Development Goals in 2015. On 16th February 2016, the Parliament of Pakistan unanimously approved the SDGs as the national development agenda.
The Planning Commission, Ministry of Planning, Development & Reform, Government of Pakistan, has developed a national framework for the SDGs. The proposed National Framework and its prioritised goals with targets for 2030 are available here
Why It Makes Sense for Listed Companies to Report on SDGs
Reporting on SDGSs helps the listed companies to:
- Bolster the company’s financial performance
- Access new capital
- Establish new business oppurtunities and markets
- Align with the priorities of the Government of Pakistan
- Mitigate business risks by addressing empirical risks
- Attract new customers by building brand image
- Increase loyalty base of its customers due to better brand reputation
- Compete for the PSX Top 25 Companies Awards
What are the Minimum Goals & Indicators outlined for listed companies
There are minimum 6 Goals & 32 Indicators outlined for listed companies. The minimum SDGs are:
The detailed minimum SDGs and their Indicators are available
How to Report on the SDGs
Structure your report in atleast two sections:
- Overview: Share a table (sample given below) to summarize your performance target, measurement indicator, status and business action
|National SDG Target
||Company Performance Target
||Future Business Action
|Target needs to be SMART and aligned with the company's sustainability ambitions
||Explain how the company's performance target be measured
||Illustrate with examples to support the status description
||Actions that will continue to aid the performance target
|Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life
||By 2030, atleast 30% of Company's BoD members will be women
||% of board seats held by women
||Two female board members joined the company in FY 2019. As of June 2019, 2 out of 7 (28%) of Company's BoD are women. Refer to section I.2 for details.
||The company will continue to recruit and provide accomplished women with leadership roles in its organization, as it believes that gender balance leads to better and well rounded corporate performance.
||Principle 6: The elimination of discrimination in respect to employment and occupation.
| By 2030, atleast 30% of managerial positions at the Company will be held by women;
|| % of managerial positions held by women
||While new staff took up managerial positions in FY19, the gender disaggregation of male and female staff within managerial position did not change between June 2018 and June 2019. Refer to section 1.3 for more details on this indicator.
||Refer to section 1.3 for more details
- Details: Reflect and explain the target, indicator and progress to-date.
- Explain the details behind the numbers
- Business case for reporting
- Elaborate how you set your target
- Demonstrate how you measured the indicator (formula & calculation) and report on it
- Highlight the key business actions and initiatives taken by your company on the indicator, particularly in the last 12 months to-date
- Outline your plans for the future to meet the set targets
- Demonstrate alignment with related platforms (such as UNGC etc)
Pakistan Stock Exchange – UNDP Joint Workshops on Minimum SDG Reporting
Pakistan Stock Exchange in collaboration with United Nations Development Programme held workshops on minimum reporting on Sustainable Development Goals (SDGs) in Karachi, Lahore and Islamabad. These workshops were held to introduce the UNDP Sustainable Development Goals 2030 to all listed companies. The objective of the workshops was to create awareness, provide training and facilitation amongst listed companies on achieving and reporting the SDGs and their Indicators. The importance of SDGs reporting as a viable business case was highlighted to the participants of the workshops.